Previous close | 1.9250 |
Open | 1.9245 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 1.9245 - 1.9245 |
52-week range | 0.9426 - 1.9465 |
Volume | |
Avg. volume | 603 |
Market cap | 10.318B |
Beta (5Y monthly) | 0.99 |
PE ratio (TTM) | 7.70 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.06 (3.12%) |
Ex-dividend date | 16 Apr 2024 |
1y target est | N/A |
MADRID (Reuters) -Spain's Sabadell has told its retail shareholders the bank has "excellent prospects" alone and that they may not need to make a decision about BBVA's 12.23 billion euro ($13.3 billion) hostile takeover attempt until 2025. Retail investors make up nearly half of Sabadell's shareholder structure. BBVA, whose approach turned hostile after its smaller rival rejected its initial offer, had set itself a minimum approval threshold of 50.01% of Sabadell shareholders.
Spanish bank BBVA on Friday asked stock market supervisor CNMV to authorise its 12.23-billion-euro ($13.29 billion) hostile takeover offer for smaller rival Sabadell, a potential tie-up of lenders that Madrid opposes. The filing with the CNMV formally kicks off the regulatory process for BBVA's bid and is expected to take several months. The deal also requires the green light from the European Central Bank.
(Bloomberg) -- Banco de Sabadell SA’s second-largest investor supports the hostile takeover proposal made by rival Banco Bilbao Vizcaya Argentaria SA, giving a boost to a bid that could transform Spanish banking. Most Read from BloombergIran’s President Missing After Helicopter Crash in Dense FogEven If Alito Is Right, the Upside-Down Flag Was WrongGantz Says He’ll Quit Unless Netanyahu Moves to New War PlanChina-Bound Oil Tanker Hit by Houthi Missile in Red Sea, US SaysSpeedier Wall Street Trad